All Forum Posts by: Dan White

Anyone know a way to Blast SMS without a limit once Buyers have Opted-In?? I am looking to SCALE!

Currently, I am using Podio and Smrtphone.io to Email Blast Off-Market Properties to my Buyers.  With those email blasts, I am sending every buyer with a SMS, letting them know to check their Email.  It works very well.

Problem is, Smrtphone limits how many SMS I send out.  They want me to get the buyers to Opt-in and then they will increase my limit.  But they have 0 customer support and are leaving me in the dark on what that limit will be.

We are looking to discuss opportunities with any motivated individual who is interested in helping us with the rapidly expanding wholesale side of our business in the St. Louis area. We can offer training as required for the right candidate. There are several opportunities available depending on your experience level. Please reach out via PM if you are interested.

@Josh Prettyman, you can do well in north city with the right deals and right management team. I just bought my first duplex in north city. 5 months in and its been excellent.

Thank you Bryan, that's the idea! 

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Saint Louis.

Purchase price: $92,000
Cash invested: $53,000

PURCHASED FOR 92K FORECLOSED IN 2012, PUT IN 16K INITIAL CAPEX AND RENTED FOR ROUGHLY 750 AND 800 EACH UNIT FOR A FEW YEARS. THEN RECENTLY ADDED 37K AND BUMPTED RENTS TO 845 AND 1,000 BRINGING IN 350 CASH FLOW. 'ALL-IN' AT 145K AND WILL APPRAISE FOR ABOUT 220K.

What made you interested in investing in this type of deal?

Flexibility to live in one unit (well- I framed out a space in the basement) and rent the others!

How did you find this deal and how did you negotiate it?

Through an agent, it was a foreclosure

How did you finance this deal?

Family initially, then refinanced with bank

How did you add value to the deal?

16k in repairs. Managed the projects myself.

What was the outcome?

150 cash flow per door and 40% equity within 3 months

Lessons learned? Challenges?

Would have hired better workers off the bat

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

An agent- yes although he is no longer an agent!

In my defense, I contend that everything in my original post is true.  

I did file a BBB complaint and because it became a 'back and forth' between myself and Mr. Kulas, I decided to spend my time on more important things.  I, myself, have been in real estate for 7 years and during that time, have no complaints on BBB.  I maintain my A+ rating.  I am registered on BBB by the way.  

My original post was a reply to Christina, who was asking for advise.  I simply stated my experience.  I can give more details to anyone who would like to know them, however this is not going to happen here.  Again, I am simply defending myself, since Mr. Kulas is essentially calling me a liar on this thread.  

My experience has been decent with TruePeopleSearch.com.  It is free and you can do individual searches.  

My experience with BellesLink was no good.  I tried it and they couldn't send the data back the same way it came- a rather reasonable request so that I could systematize my workflow.  On top of that, I was charged for the searches that yielded absolutely NO results / no phone numbers whatsoever.  The searches that yielded any results were poor results.  To make matters worse, Jeff at belleslink ignored my email for 2 weeks.  When I asked for a refund of the $207.20 they charged me, they denied it.  I filed a complaint with BBB, as I feel they are unethical.  It is tuff to find anything comparable to TLO out there!  Try TruePeopleSearch.com - it is free and not too shabby of results...they just don't do batch searches.  

I'm entertaining the notion of partnering on rentals so as to acquire leads that I would otherwise not be able to, due to lack of liquidity.  Currently, I am a wholesaler with strong marketing in place, spending thousands each month.  I am able to consistently drive in multifamily leads and see that as a valuable asset to a partnership.  In the past, I've stayed away from partnerships because I have seen them go sour, however, I feel good about the current prospect and can see the value he brings to the table.  He is versed in tax credits and project management- possibly property management.  My question is:  what does a typical rental partnership look like on paper?  How would splits typically be if one guy brings the deals and the other guy brings the dough and project management.  It should be noted that I also have an excellent GC that could contribute to the value add phase. 

Appreciate the advise as always on here!

 True in MO as well pretty sure.  Thank you Matt

 Cool. and i think intuitively that 7cap would be very good in this area.  so you think that is the biggest determining factor in the appraisal?